Jared Ducs Sells 27,601 Shares of Surge Energy (TSE:SGY) Stock

Surge Energy Inc. (TSE:SGY) insider Jared Ducs sold 27,601 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$10.57, for a total transaction of C$291,742.57. Following the completion of the transaction, the insider directly owned 118,847 shares of the company’s stock, valued at approximately C$1,256,212.79. The trade was a 18.85% decrease in their position.

Jared Ducs also recently made the following trade(s):

• On Monday, March 30th, Jared Ducs sold 5,125 shares of Surge Energy stock. The stock was sold at an average price of C$9.39, for a total transaction of C$48,123.75.

Surge Energy Stock Performance

Surge Energy stock opened at C$10.51 on Friday. The company has a debt-to-equity ratio of 34.75, a current ratio of 0.58 and a quick ratio of 0.40. Surge Energy Inc. has a 1-year low of C$5.45 and a 1-year high of C$10.65. The firm has a market capitalization of C$1.05 billion, a P/E ratio of 150.14, a price-to-earnings-growth ratio of 0.59 and a beta of -0.42. The company’s 50-day moving average is C$9.47 and its 200 day moving average is C$8.16.

Surge Energy (TSE:SGY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($0.25) earnings per share for the quarter. Surge Energy had a return on equity of 1.01% and a net margin of 1.39%.The firm had revenue of C$75.00 million during the quarter.

Surge Energy Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a $0.0433 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Thursday, April 30th. Surge Energy’s dividend payout ratio is 742.85%.

Analyst Upgrades and Downgrades

SGY has been the topic of a number of research reports. National Bank Financial raised their target price on shares of Surge Energy from C$12.75 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday. Acumen Capital raised their target price on shares of Surge Energy from C$13.25 to C$13.75 and gave the stock a “buy” rating in a research report on Tuesday. Canaccord Genuity Group raised their target price on shares of Surge Energy from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Tuesday. ATB Cormark Capital Markets increased their price objective on shares of Surge Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Raymond James Financial increased their price objective on shares of Surge Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$12.46.

Surge Energy Company Profile

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.